To: Frank A. Coluccio who wrote (48 ) 2/23/1999 3:30:00 PM From: one_less Respond to of 275
News> IPVoice Communications Inc. -- OTC BB:IPVC -- Announces Successful Testing of IP Telephony Network Prior to Deployment of Systems Worldwide -- CORRECTED -- BusinessWire, Tuesday, February 23, 1999 at 13:20 LITTLETON, Colo.--(BUSINESS WIRE)--Feb. 23, 1999-- Engineering division of IPVC reports excellent network performance and anticipates installation of TrueConnect Gateways to international locations shortly IPVoice Communications Inc. (OTC BB:IPVC) today announced the testing of its IPTelephony Network between Europe and the United States. Co-founder and Director of IPVC Anthony K. Welch stated, "Our initial testing of our IPTelephony Network has met with great success and we are extremely pleased with the testing. We are anticipating an early deployment of our Gateways to international locations as a result of the high quality we have found during our testing. Network issues are among the most difficult issues facing IP Telephony companies. We are performing these network tests to insure the highest quality to our customers. Additionally, we have achieved true, accurate billing and call duration timing for gateway-to-gateway calls. This problem that plagues so many IP Telephony vendors, we have solved." Commenting on the testing of the network Chairperson, Co-founder and President of IPVC Barbara S. Will said, "We have previously reported that we have signed agreements from many customers in both domestic and international markets. We plan to deploy our IPTelephony Gateways to international markets shortly with an already established customer base. "We are working with several telecom companies to switch their customer base to our Internet Telephony system. This will generate immediate sales revenue for IPVC and should provide us with $6 million in revenues in our first year of operation. "Longer term, we believe we shall be installing 38 Gateways throughout the world with our TrueConnect partners which should result in net profits of at least $2 million by the end of our first year. We see 107 IPVoice TrueConnect Gateways being installed worldwide, producing sales revenue by the end of our third year of at least $25 million." IPVoice is an Internet Telephony company whose unique software technology and applications will allow companies and individuals to route telephone calls, faxes and other data across the Internet, with limited sacrifice of quality compared to traditional telephone networks, at a substantial cost savings with unparalleled attendant services. Said Vice President of IPVoice research and development Mike McKim recently, "We are very confident in our TrueConnect Gateway, and expect this year to compete successfully with companies like Inter-Tel (NASDAQ:INTL) and VocalTec (NASDAQ:VOCLF) in providing the best Internet Telephony software and services available." To support TrueConnect, IPVC has developed proprietary support products in the areas of order entry, billing, customer service, agent management and a switching network management system. Note: This letter contains certain "forward-looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995 and information relating to the Company and its subsidiaries that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors, the interest rate environment, governmental regulation and supervision, seasonality, distribution networks, product introductions and acceptance, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. CONTACT: IPVoice Communications Inc. Barbara Will, President 303/738-1266 Fax: 303/738-1295 Websits: ipvoice.com KEYWORD: COLORADO NEW YORK CALIFORNIA NEW JERSEY ARIZONA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED INTERACTIVE/MULTIMEDIA/INTERNET TELECOMMUNICATIONS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1999, Business Wire Companies or Securities discussed in this article: Symbol Name BB:IPVC Ipvoice Communications Inc NASDAQ:INTL Inter-Tel Inc NASDAQ:VOCLF Vocaltec Communications Ltd